Pump.fun, the dominant Solana meme coin launchpad, is launching its PUMP token ICO on July 12 across six major exchanges, excluding U.S. and UK participants. The sale offers 150B tokens at $0.004 each, with pre-market trading on Hyperliquid predicting a 35% price jump post-launch. Analysts are split: some, like Messari’s Matthew Nay, see promise in the pre-market data, while others, like Beanie of GM Capital, criticize the $4B valuation as excessive. Pump.fun’s market share has recently faced competition from LetsBonk, adding uncertainty. Tokenomics include a one-year cliff for team and private buyers, reducing early sell pressure. Traders are eyeing alternative Pump-themed meme coins amid geoblocking concerns.
about Pump.fun's $4B PUMP Token ICO: Will It Pump or Dump?Beanie
0 posts last weekTraders Anticipate SOL ETH Ratio Reversal Amid Memecoin Scandals
Traders are observing a potential reversal in the SOL/ETH ratio as sentiment on the Solana network declines due to recent memecoin scandals, with the ratio dropping from over 0.08 to around 0.06 SOL per ETH. The fallout from the LIBRA memecoin launch, which lost $4.4 billion in market cap, has led to a 15% drop in SOL’s price, raising concerns about the integrity of Solana applications. Meanwhile, Ethereum is gaining strength, recovering nearly 30% in February and benefiting from increased development activity, particularly in real-world assets and AI.
about Traders Anticipate SOL ETH Ratio Reversal Amid Memecoin ScandalsSolana DEX Aggregator Jupiter Hacked Leading to Significant Trader Losses
Jupiter, a Solana-based DEX aggregator, faced a significant security breach when its official X account was hacked, promoting scam tokens like $MEOW and $DCOIN, resulting in millions in losses for traders. The incident has reignited concerns over Web3 security, highlighting vulnerabilities in social media accounts linked to crypto protocols. As Jupiter’s team works to regain control, the event underscores the urgent need for enhanced security measures in decentralized finance systems.
about Solana DEX Aggregator Jupiter Hacked Leading to Significant Trader LossesJupiter DEX Hacked Leading to Millions Lost in Scam Attack
Jupiter, a Solana-based DEX aggregator, suffered a significant security breach when its X account was hacked, promoting a fraudulent memecoin, $MEOW. This scam, which exploited the name of Jupiter’s co-founder, led to traders losing millions in a matter of minutes. Despite alerts from Jupiter Mobile, many users reported losses, raising serious concerns about security in the crypto industry.
about Jupiter DEX Hacked Leading to Millions Lost in Scam Attack